Loaded short at the daily high (that's yesterday's daily high) after the pin bar, clearly blown away and oh look who decides to come back down now...figures
peace and love
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Dislikednmote high vol on 15 min .. highest anmd what formed .. a pin bar that volume was buyers .
Note high volume on down bar a bit later ... on red down candle on 15 min ... did not do anything .. not even break support .... that was sellers being absorbed by buyers...
also qqe up trend so do not see bearish indicators you are talking about
you do not need to understand volume to understand price action , and nor do you need it. If you have a push down in price on 15 min candle and then you end up with largew wick this is buyers coming in...Ignored
Dislikedhit 61.8 bang on ... got buy trigger 3 min and right on 129,50 so closed short ...
the power of fibs
note the uncluttered chart .. need to see price action not a bunch of indies..note for newbies , now if ES rallies here into close and gj goes hit that price level of 131 I mentioned earlier i am going to s**t my pants AND THE MILKY BARS ARE ON ME !!! stop on long set at breakeven
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DislikedDaily Gann is up. Gonna wait for a retrace and go long. Should be an interesting week. I had losses this week myself so hope to make it up next week.
Good weekend allIgnored
Dislikedsorry to hear that ...... next week is another week and hope the losses were not to bad.
Big of you to admit the losses ....respect for thatIgnored
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have a great weekend , hope my postings did not seem like I am to arrogant , sometime it can appear like that .. confidence is what i call it lol .... you name the mistake ... been there and done it ...been in this game 6 years now and still learning every day
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Dislikedgann said up but next week BOE cut rate and Non farm let see what happens.Ignored
Dislikedgann said up but next week BOE cut rate and Non farm let see what happens.Ignored
DislikedNot at all Malcolm. I for one love your posts. Either confirms what I'm thinking or highlights things I should be observing.
Massively helpful, not arrogant.Ignored
DislikedI noticed alot of people here trade shorter time frames, I want to stay on this forum for all of the amazing advice and mentoring, however can someone point me towards a mentor/a resource for trading longer time frames, IE 1 hour etc for this pair?Ignored
Dislikedlost 900$ going short on the gbp/jpy not alot for you guys making 10k a day but for a small fish like me is very discouraging and disheartnening.
malcolm, i was looking at your strategy using 50sma entering 15 pips above long or the reverse for short, can you please share your exit strategy for this system?
yentastic, any word on your system?Ignored